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Top stories summarized by our editors
Top stories summarized by our editors

Mitsubishi Heavy Industries planning US manufacturing hub

7/12/2019

Mitsubishi Heavy Industries plans to open an offshore wind turbine manufacturing facility in the US as early as 2021, as its joint venture with Vestas -- MHI Vestas Offshore Wind -- has been named the preferred provider for an 800-megawatt project. It is also planning new manufacturing operations in Asia.

CRJ deal on track for 2020, Bombardier says

7/2/2019

Mitsubishi Heavy Industries and Bombardier could finalize the Canadair Regional Jet program deal by the end of next year, according to Bombardier. Bombardier is selling the program to Mitsubishi for $550 million.

MHI to take over CRJ service as Bombardier ends production

6/26/2019

Mitsubishi Heavy Industries is buying the CRJ jet program from Bombardier for $550 million, with MHI taking over maintenance, support and sales of the Bombardier jets. The CRJ jet is scheduled to cease production next year.

MHI chairman: MHI-Vestas partnership is harmonious

1/23/2018

Chowa, a Japanese term meaning "a spirit of harmonious partnership," is central to Mitsubishi Heavy Industries ideology, and a prime example is the company's partnership with Vestas to form MHI Vestas Offshore Wind, writes MHI Chairman Hideaki Omiya. "The partnership works because MHI needs Vestas' leading turbine technology and saw a growing market, while Vestas needs MHI's financial stability and proven manufacturing expertise," he writes.

MHI acquires New NP stake

8/3/2017

Mitsubishi Heavy Industries has signed agreements with Areva Group and EDF to acquire a 19.5% stake in New NP, Areva's reactor operations.

MHI, Assystem acquire stakes in New NP

7/11/2017

Mitsubishi Heavy Industries and Assystem signed binding agreements with EDF to take minority stakes in New NP, the company in which EDF acquired a 75% stake from Areva in November 2016. MHI will acquire between 15% and 19.5%, and Assystem will acquire 5%, subject to board approval.